Millennials are finally moving out of mom and dad’s house and creating their own households, which has increased demand in the housing market. At the same time, supply has taken a hit due to a shortage of skilled labor. Rising mortgage rates and lumber prices...
Ride-hailing firm Grab, based in Singapore — which entered a deal to acquire Uber’s southeast Asia business in the first quarter — is reaching even farther into the region. The company said earlier this week that it would launch Grab Ventures, where it will invest...
For many big carriers contemplating the rise of low-cost, low-frill airlines like WOW air and Norwegian (which offer inexpensive flights across the Atlantic that generally and vastly undercut the cost of offerings the big, global players make), there is a feeling of concern at the...
Amid China’s crackdown on financial risk, Ant Financial is moving away from consumer finance and payments. Instead, it is honing in on technology services, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Flash sale relative newcomer Rue La La has snapped up Gilt Groupe, an eCommerce site that specializes in designer goods at a deep discount. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Consumers who want to hire a home services professional to, say, fix a broken air conditioner, are sometimes faced with a dilemma: Who do they call for a repair? When on-demand home services platform Lula debuted in 2015, there weren’t a ton of options, but...
When most people consider a “buy online, pick up in store” arrangement, they’ve already made the purchase when they arrive to collect their item. However, for SSENSE (pronounced essence), at its first retail location, the Canadian eCommerce brand turned physical retailer has opted for a slightly different...
After growing Starbucks from a humble 11 stores to a worldwide operation with 28,000 locations in 77 countries, Howard Schultz is stepping down as executive chairman and a member of the company’s board of directors. Schultz will become chairman emeritus as of June 26, the coffee chain said...
Late payments are decimating SMBs cash flow in the UK. Federation of Small Businesses chair Mike Cherry issued a call to change the power large firms hold over smaller suppliers, with an eye on ending large firms’ ‘bullying’ processes. Research shows that for SMBs, the payment...
